The latest half-yearly report on foreign exchange management showed that as at end-March 2023, of the total foreign currency assets of $509.69 billion, $411.65 billion was invested in securities.
Foreign institutional investors reversed course in early April, spurred by rising global trade tensions following US President Trump’s announcement of steep tariffs. This led to
Benchmark indices Sensex and Nifty 50 fell by 2.6% each due to a global sell-off triggered by U.S. tariff actions. IT stocks suffered the most,
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